After the recent change in federal tax law, families with 529 college savings plans are now able to pay for private K-12 schooling with their accounts. Under the revision, families may withdraw up to $10,000 per year from 529 accounts to cover the costs. However, families in North Carolina are only advised to use their 529 accounts when covering costs that fall under Qualified Higher Education Expenses (QHEE), such as tuition, room and board, textbooks,
Crawlers raced to the finish line during the pre-game show at the UNC vs. N.C. State men’s basketball game on January 27th. Six babies went head-to-head during the second Diapers to Dorms Dash in hopes of winning some college cash. As Ramses cheered on the babies, it was one-year-old Austin Tillman who was first to cross the finish line. Even though the Tillmans won $529 to contribute to their NC 529 plan, the five other contestants all received $25 to start their own NC 529 college savings accounts!
The Richmond Daily Journal wrote about the Countdown to Kindergarten, an annual event at Discovery Place KIDS which allows rising kindergartners and their families to explore the museum and practice what they’ll need to know to start school for the first time. The NC 529 Savings Plan was there, as well as several other community organizations.
Published by the Richmond Daily Journal – Charlotte,